YAL

3.44%

$6.62 yancoal australia limited

Thanks for your excellent, informative account of the AGM...

First 11 Last

Share
Profile

Follow
coalforme

434 Posts.

167

30/05/24

12:17

Post #: 74081622
Share

Originally posted by Hopeful9: ↑

At the AGM, questions were asked about the company's cash surplus and whether a buyback/DRP would be considered.

The reply was that several factors are considered such as free float, daily trading volumes and the constitution. No plans for a buyback or DRP as franking credits are useful for Oz holders.

The MD/CEO said YAL was committed to native regeneration after mining. In 2023, YAL initiated a carbon credits review re environmental planting.

Water is a shared resource. YAL complies with licensing requirements: Commonwealth and State legislation applies. Water is recycled on-site: 9298 megalitres in 2023, a four per cent rise on 2022.

At Stratford, the renewable energy proposal is still subject to a study. The company's primary business remains mining.

The Chairman said YAL's resources YAL had would expire (typically) in 15 to 20 years. The Board needs to consider (FIRB) requirements re critical minerals. The three major YAL mines are some of the best in Australia. We are open to diversification but within core competencies.

A 'climate change activist' (Mr Anderson) asked a question. He's entitled to his views but sprouted the IPCC findings and how there should be 'no new coal mines' in Australia. He went on and on, making a speech before asking about 'catastrophic global warming'.

In response, the Chair said YAL had a role providing energy for the Asian region: their livelihoods. Coal has a long future. (Well said!) YAL has an obligation to maximise shareholder returns and the Chair doesn't have a problem providing energy so people in Asia can have a better life.

Another shareholder said coal was worthwhile but referred to the $5.05 previous per share takeover offer as way too low and a ripoff: the independent Board members had similar views was the reply. The SH said the controlling SH have levers they can push: that's his concern. The Chair said in reply that the mainland Chinese majority SH had been very supportive, such as in 2015 investing in Moolarben's expansion. Even when times were bad, they helped. They are aligned with other SH. Have not heard of a further offer.

Expand

Thanks for your excellent, informative account of the AGM discussion, Hopeful9.

YAL Price at posting: $6.54 Sentiment: Buy Disclosure: Held
7 Upvote

1 Great analysis

Reply

Top Stories

RCE

Recce's R327 found effective against E.coli during clinical trial

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Microcap Wrap: 5 explorers with news out today

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

There are more pages in this discussion • 23 more messages in this thread...

First 11 Last

Add YAL (ASX) to my watchlist

(20min delay)
Last $6.62		Change 0.220(3.44%)		Mkt cap ! $8.741B

Open	High	Low	Value	Volume
$6.43	$6.63	$6.41	$13.60M	2.082M

Buyers (Bids)

No.	Vol.	Price($)
1	1512	$6.61

Sellers (Offers)

Price($)	Vol.	No.
$6.62	11309	2

View Market Depth

No.	Vol.	Price($)
1	1512	6.610
4	32239	6.590
2	12388	6.580
5	54177	6.570
1	6343	6.560

Price($)	Vol.	No.
6.620	11309	2
6.630	82895	9
6.640	16877	6
6.650	18222	8
6.660	10247	5

Last trade - 16.10pm 28/06/2024 (20 minute delay)

YAL (ASX) Chart

Thanks for your excellent, informative account of the AGM...

Recce's R327 found effective against E.coli during clinical trial

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Microcap Wrap: 5 explorers with news out today

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Ava Risk Group expands US presence with A$0.7M Substation Deal

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Thanks for your excellent, informative account of the AGM...

Top Stories

Recce's R327 found effective against E.coli during clinical trial

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Microcap Wrap: 5 explorers with news out today

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Ava Risk Group expands US presence with A$0.7M Substation Deal

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News